What is the daily fine for violating a cease and desist order?

The daily fine for violating a cease and desist order in South Carolina is set at $50. This specific amount serves as a deterrent against non-compliance and emphasizes the importance of adhering to the regulations established by the relevant authorities. The fine is designed to be significant enough to encourage businesses and individuals to take cease and desist orders seriously, as failing to comply can lead to increased financial penalties. The amount is structured in a way that balances enforcement with fairness, ensuring that those who do not follow legal orders face a consistent and manageable consequence for their actions. Understanding the implications of such fines is crucial for individuals and businesses operating in the insurance and surplus lines markets, highlighting the need for compliance with regulatory directives.